Brand New 12 Year Lease with Fixed 3% Increases – Petstock Outlet Since 2004

New 12 year lease plus options.
Major 2,125 sqm site on 2 titles.
Zoned for future multi-level development.
Petstock: Hugely successful pet supplies and veterinary chain of 156 stores, established in this location over 14 years.
Large 2,125 sqm landholding with 25m frontage to Sladen Street, important arterial linking Cranbourne with Frankston and Berwick.
Well presented and versatile 835 sqm warehouse/showroom with brand new air conditioning units.
Annual compounding 3% rent increases.
Net lease, tenant pays all usual outgoings (excluding land tax).
Strategic growth location in Cranbourne/Cranbourne East, population forecast to increase by 60% (30,425 residents) by 2041 (forecast.id).
Rent: $140,435 pa

Auction 11am AEDT Wednesday 12 December 2018
River Room, Crown Casino, Melbourne